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Oil & Gas

Oil Prices Post 3% Annual Decline

Oil Prices Post 3% Annual Decline

Oil Price
16-07-2021

OPEC Sees World Oil Demand Reaching Pre-Pandemic Level in 2022
OPEC said that that demand next year would rise by 3.4% to 99.86 million barrels per day, averaging more than 100 million bpd in the second half of 2022.
Oil Pipeline
16-07-2021

China & Nord Stream-2 Top Agenda As Biden Meets Merkel
The two sides are hoping to mend deeply strained relations ahead of Germany's election in ten weeks.
Oil Refinery
15-07-2021

China's Crude Oil Runs Hit Record Highs in June
China's crude oil throughput hit a record high in June, rising 3.9% on a daily basis from the previous record set in May as more refineries resumed operations after maintenance.
Oil Refinery
15-07-2021

Iraq Signs Al Faw Refinery Deal with China's CNCEC
Iraq has decided to award a long-awaited contract to build a new 300,000 b/d integrated refining and petrochemicals complex on the southern Al Faw peninsula to Chinese state-owned engineering company CNCEC.
Oil Price
15-07-2021

Oil Prices Drop After Saudi-UAE Reach Output Compromise
The deal between the two Gulf producers means that members of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, will be able to extend a deal to curb output until the end of 2022, the sources said.
Oil Price
14-07-2021

Oil Falls Slightly Despite Crude Draw
The American Petroleum Institute on Tuesday reported a draw in crude oil inventories of 4.079 million barrels for the week ending July 9, bringing the total 2021 crude draw so far to 50.01 million barrels, using API data.
OPEC
14-07-2021

OPEC+ Deadlock is Bad News for Oil Producers and Consumers, IEA Warns
The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and their non-OPEC allies, creating a no-win situation.
LNG
13-07-2021

Gas Import Options Expanding for China
China is poised to become the top global liquefied natural gas importer this year, bypassing current leader Japan
Oil & Gas Trade
13-07-2021

Saudi, Oman Call for Continued Oil Cooperation Between OPEC and Allies
Saudi Arabia and Oman called on Monday for continued cooperation between OPEC and other allied producers to stabilise and balance the oil market.
Oil&Gas Drilling
13-07-2021

U.S. Drilling Approvals Increase Despite Biden Climate Pledge
The Interior Department approved about 2,500 permits to drill on public and tribal lands in the first six months of the year
Oil Pipeline
13-07-2021

Nord Stream 2 Targets August for Completion of Baltic Pipelay Work
Eponymous project's operator assures the pipeline will be fully certified and ready to pump Russian gas to Germany before end of year
Japan
12-07-2021

Japan to Remain Committed to Oil and Gas Development Projects
Japan will remain committed to upstream oil and gas developments and plans to boost its ratio of equity oil and gas as it expects the fuels to play a key role in the country’s energy transition and 2050 carbon neutrality pathway, a senior government offic
Angola
12-07-2021

Angola Kicks Oil Privatization Into Overdrive
Angola is seeking buyers for state insurer ENSA as part of a privatization drive that also includes the partial sale of state oil major Sonangol.
Crude Oil
12-07-2021

Brazil Plans To Be 5th-Largest Crude Exporter By 2030
Brazil’s expected oil output surge this decade will make it the world’s fifth-largest crude exporter in 2030, Brazilian Mines and Energy Minister Bento Albuquerque said in an interview with The Rio Times on Thursday.
LNG
12-07-2021

Baidyanath to Start Country’s First Commercial LNG Filling Station
Makers of Ayurvedic medicines from the city, Shree Baidyanath, has diversified into liquified natural gas sale.
Oil&Gas Drilling
10-07-2021

McDermott Secures Subsea Job on Bayu-Undan Field
McDermott International has secured a subsea engineering, procurement, construction and installation contract with Santos for the Bayu-Undan infill well Phase 3C project in the Timor Sea.
Oil Field
09-07-2021

China: Daqing Oilfield's Oil and Gas Achieved Double Overproduction in the First Half
As of June 30, PetroChina’s Daqing Oilfield had completed domestic and international oil and gas production equivalent of 21.54 million tons, an increase of 868,100 tons year-on-year.
Oil & Gas Supply
09-07-2021

Singapore Fuel Oil Inventories Sink to Over 3-Month Low
Singapore residual fuel oil inventories fell 5% in the week ended July 7, dropping to a 3-1/2 month low despite steady net import volumes, official data showed on Thursday.
Oil Exploration
09-07-2021

Turkish Company Applies to Explore for Oil in East Med - Official Gazette
Turkey's state-owned energy company TPAO has applied for a licence to explore for crude oil in the eastern Mediterranean.
Oil&Gas Drilling
09-07-2021

Early Mover CGX Spuds Long-Awaited Guyana Oil Well
Canadian independent CGX Energy, one of the early movers in Guyana's offshore play, spudded its first well in the South American country, 21 years after its initial effort derailed because of a border dispute.
Market Analysis
09-07-2021

Algeria Leads the GECF Research and Development Arm
A Founding Member of the GECF, Algeria’s footprint in the 18-member association is deeply embedded in the history and current direction of the organisation.
Oil Field
09-07-2021

Lukoil to Operate Offshore Area 4 Project in Gulf of Mexico
PJSC LUKOIL announced the entry into an agreement to acquire the 50% operator interest in the Area 4 project in Mexico through the acquisition of the operator’s holding company.
Crude Oil
09-07-2021

Oil Prices Climb as U.S. Reports Rapidly Declining Crude Stockpiles
Oil rebounded after a U.S. government report showed rapidly declining inventories and record-high fuel demand in the midst of the peak summer travel season.
Oil Price
09-07-2021

$70 Oil Isn’t Enough To Stabilize Iraq Right Now: Moody’s
Iraq’s economy will strengthen this year as a result of higher oil prices but this will not be enough to stabilize it over the long term, according to Moody’s.
Oil Refinery
08-07-2021

First Overhaul After the Modernization of the Shymkent Refinery is Completed
Shymkent Refinery is the Pearl of China-Kazakhstan Energy Cooperation Project

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